- Three months ago, executives of Maersk expected the container shipping market to peak and turn downward sometime in the fourth quarter.
- Maersk has lowered its estimate for 2022 global container demand to minus 2% to minus 4%, down from plus 1% to minus 1% in early August.
- The issue is not that rates are being negotiated down mid-contract, it’s that contract volumes are pulling back.
Maersk Reports Record Profits But Warns Of Challenges Ahead
